Terex Corporation (TEX)
Debt-to-assets ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | 624,000 | 662,200 | 720,900 | 620,000 | 706,300 | 734,300 | 774,900 | 773,600 | 824,600 | 826,100 | 738,400 | 668,500 | 887,700 | 888,500 | 973,500 | 1,166,200 | 1,167,000 | 1,167,400 | 1,338,100 |
| Total assets | US$ in thousands | 5,730,000 | 3,781,000 | 3,779,500 | 3,759,900 | 3,615,000 | 3,461,100 | 3,415,200 | 3,281,200 | 3,118,100 | 2,976,500 | 2,993,700 | 2,939,900 | 2,863,500 | 3,067,900 | 3,068,500 | 2,965,500 | 3,031,800 | 2,915,200 | 2,864,300 | 3,114,700 |
| Debt-to-assets ratio | 0.00 | 0.17 | 0.18 | 0.19 | 0.17 | 0.20 | 0.22 | 0.24 | 0.25 | 0.28 | 0.28 | 0.25 | 0.23 | 0.29 | 0.29 | 0.33 | 0.38 | 0.40 | 0.41 | 0.43 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $5,730,000K
= 0.00
The debt-to-assets ratio of Terex Corporation has been declining steadily over the past few years. It decreased from 0.43 as of March 31, 2020, to 0.00 as of December 31, 2024, indicating a significant reduction in the proportion of debt relative to total assets. This trend suggests that the company has been effectively managing its debt levels and improving its financial health by either paying off existing debt or increasing its asset base. A lower debt-to-assets ratio is generally viewed positively by investors and creditors as it signifies a lower financial risk and greater stability for the company. Terex Corporation's decreasing debt-to-assets ratio reflects a prudent financial strategy and strengthens its ability to weather economic uncertainties.